Which One of the Following Statements Is the MOST Accurate

question 4

Multiple Choice

Which one of the following statements is the MOST accurate?

• A) Depreciation is a rise in E when the exchange rate is fixed while devaluation is a rise in E when the exchange rate floats.
• B) Depreciation is a decrease in E when the exchange rate floats while devaluation is a rise in E when the exchange rate is fixed.
• C) Depreciation is a rise in E when the exchange rate floats while devaluation is a rise in E when the exchange rate is fixed.
• D) Depreciation is a rise in E when the exchange rate floats while devaluation is a decrease in E when the exchange rate is fixed.
• E) Depreciation is a fall in E when the exchange rate is fixed while devaluation is a fall in E when the exchange rate floats.

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Definitions:

Binding Authority

A source of law or precedent that a court or other body must follow, such as statutes or higher court decisions.

Persuasive Authority

Sources of law, such as cases from other jurisdictions or legal texts, which an appellate court may consider but is not obliged to follow.

Cases On Point

refers to legal cases that are relevant and directly applicable to the matter at hand, often used as precedents.

Lowest Court

The court within a jurisdiction's hierarchy that has the initial responsibility for hearing cases, often referred to as a magistrate or municipal court.